November 30, 2020

ETRise Dialogues: Smart ways to raise funds. Join this panel discussion to know


The credit squeeze has been continuing to play havoc for the MSME sector. As per the Reserve Bank of India (RBI) data, the gross loans to the sector dropped 3.43% to Rs 4.65 lakh crore in November, 2019 as against Rs 4.81 lakh crore in March, 2019.

The drop in new loans comes on the backdrop of humongous credit gap faced by the sector as revealed in an IFC-Intellecap report in 2019, pegging it at a whopping $240 billion. Micro and small enterprises account for 95% of the viable debt gap.

Take part in ETRise Top MSMEs, India’s definitive ranking for Micro, Small & Medium Enterprises

A number of reasons for this exist, including risk aversion among some of the top lenders to the cash strapped sector. The result? The issue of shortage of funds for the sector has become even more acute amid a challenging and competitive economic environment.

To understand more on how small businesses can stay afloat in such pressing times and emerge stronger, ETRISE Dialogues is holding a panel discussion on ‘Overcoming challenges of Land, Labour & Capital’ in Bengaluru on January 28, 2020.

Experts believe the best way to survive in this situation is to evaluate new options of raising credit, make more fruitful use of the prevalent options and choose practical projections. Panel members would include key stakeholders from industry and business.

MSMEs in the country face a plethora of challenges, but the primary issues hover around the availability of land, problems with labour and access to capital. In fact, these problems have persisted for decades and solutions often proved elusive. The panel of experts will seek to find answers to these crucial issues and come up with solutions that can augur well in a challenging environment.

The second panel discussion centers on another pressing issue – GST. Since the introduction of GST in India in 2017, it has seen several changes. Aimed typically at making things simpler and plugging leakages, the current form of GST is quite different from what it was during its launch.

However, the year 2020 will see some of the most significant changes. Some have already come into play, with e-invoicing starting for companies over turnover of Rs 500 crore on a voluntary basis. From April 1, 2020 e-invoicing will become mandatory for everyone. Meant to simplify the life of a taxpayer, it is important to know how to deal with e-invoicing and the process being envisaged.

Similarly a new set of return filing forms will also come into force from April this year. Given the backdrop, the next few months would be significant for taxpayers. To address the changes and to ensure taxpayers are aware of the modification, ETRISE Dialogues is holding a panel discussion on ‘GST 2.0: The changes and challenges for taxpayers’.

Panel members would include prominent indirect tax experts and members from the SME community and the one hour session will see discussion on a range of issues around GST.

A series of on-ground and web-based events, ETRISE Dialogue aims to bring together various stakeholders of India Inc. who will deliberate on the state of business, technology, entrepreneurship, disruption and policy.

With Union Bank of India as the Presenting Partner, Karnataka Small Scale Industries Limited (KASSIA), MIDC, Caspian Debt and Cogoport as the Associate Sponsors, ETRISE Top MSMEs Rankings has CARE Ratings as the Assessment Partner.





Source link